# On the 29th, when the Bank of Korea's Monetary Policy Committee decided to cut its benchmark interes.. - MK

> The Bank of Korea cut its benchmark rate by 0.25 point to 2.50% and lowered its 2025 growth forecast to 0.8% from 1.5%. The won weakened, opening at 1,380 per dollar and trading near 1,384. Analysts said the cut was largely expected and its impact on the won would be limited.

- Date: 2025-05-29 · published 2025-05-29T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/24928-on-the-29th-when-the-bank-of-korea-s-monetary-policy-committee-decided-to-cut
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the local-currency cost of dollar-priced feed imports for Korean buyers. Lower rates and slower growth may also reduce domestic demand for meat and feed.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- mk.co.kr: https://www.mk.co.kr/en/economy/11329571

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.